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kam1_Key ~ 3 of 5 1+ Automatic Zoom v a. All Of them 8. Two firms, A and B produce a homogenous good. Each firm

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kam1_Key ~ 3 of 5 1+ Automatic Zoom v a. All Of them 8. Two firms, A and B produce a homogenous good. Each firm has a cost function given by: C (q) = q The market demand for the good is given by the inverse demand equation: P = 60 - Q, where Q = q, + 92, total output. Suppose now that each firm must decide on its own whether to produce the high quantity of 15 units, a middle quantity of 12 units or the low quantity of 10 units. Fill in the two missing figures, in the payoff matrix below. B (A profit, B profit) High qB=15 Medium q8=12 Low qB=10 High qA=15 225, 225 270, 252 300, 250 A Medium qA=12 252, 270 288, 288 312, 280 Low qA=10 250, 300 280, 312

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